CAMS Free Dumps Study Materials
Question 9: Identify a person fully, including their political history.
A. 1, 2, and 3 only
B. 1, 2, and 4 only
C. 1, 3, and 4 only
D. 2, 3, and 4 only
Correct Answer: D
2. The Egmont Group is a worldwide organization of
A. financial intelligence units.
B. banking regulators.
C. law enforcement authorities.
D. central banks.
Correct Answer: A
3. Which three criteria does a shell bank meet according to the Wolfsberg Principles on
Correspondent Banking?
Choose 3 answers.
A. It does not conduct business at a fixed address in a jurisdiction in which it is authorized to conduct
business.
B. It is not subject to inspection by the banking authority that licensed it to conduct banking activities
C. It does not employ one or more individuals at its fixed address where it is authorized to conduct
business or maintain operating records at that address
D. It is not subject to AML laws that require it to implement an AML program
Correct Answer: A,C,D
4. What is a major money laundering risk associated with a number of prepaid cards as opposed
to credit or debit cards?
A. The anonymous access to funds
B. The global access to cash through ATMs
C. The inability to load the card with cash
D. The risk of losing the prepaid cards
Correct Answer: A